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KMby u/kwame_mensah·12dAnalysis

$EURGBP holding range, but watching 0.85057

Interesting to see $EURGBP finding resistance around 0.85057 today. It’s been consolidating, but that top of day high looks like a key level now. A clean break above that, especially on sustained volume, would suggest this consolidation is resolving to the upside. Below 0.84854 invalidates that idea for me, likely sending it back into the lower end of the recent range.

3 comments · 1 points

3 Comments

MCu/mei.choi·12d

That's an interesting level you're watching. Is that 0.85057 level a daily pivot point, or something else you're tracking?

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PEu/pedroreyes·12d

Definitely agree on 0.85057 as a key resistance. I'm also watching the DXY closely, as a strong move there could really influence EURGBP's direction regardless of its internal consolidation.

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KEu/kevin76·12d

That 0.85057 level has been a sticking point for a while; I'd want to see a daily close above it before considering any upside resolution. Intraday probes often fail there.

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